Sunday Summary: Welcome Back, Speyer!
Back in 1997, one of the storied New York City real estate firms — Tishman Speyer — purchased one of the storied New York City properties: the Chrysler Building. Well, technically, what Tishman Speyer...
View ArticleCharter School Inks 56K-SF Lease in Retail Center Near Miami Suburb
Charter school network BridgePrep Academy will open another location, this time inside a shopping center in Miami-Dade County. The school operator, which has 19 locations across Florida, signed a...
View ArticleTaco Bell’s Office Lease Largest in Orange County, Calif., in Five Years
Orange County, Calif.’s office market improved again in the third quarter thanks to a diverse set of corporate leases. Total vacancy improved to 15.4 percent, down from 17.1 percent a year ago, while...
View ArticleYves Saint Laurent to Open Store at Kering’s 717 Fifth Avenue
Luxury French fashion house Yves Saint Laurent will open a new store at 717 Fifth Avenue, a new report revealed. According to a market report released by CBRE, the Kering-owned fashion house, once...
View ArticleNorthern Virginia Office Vacancy Falls Again as AI, Defense Demand Builds
Northern Virginia’s office market continued to tighten in the third quarter as more demand from artificial intelligence, technology and defense tenants bolstered weaker leasing activity. The market...
View ArticleS3 Capital Supplies $20M for Boutique Miami Beach Condo
Trinity Southern has closed on the purchase of a development site and nabbed a $19.5 million construction loan for a boutique condo development on the waterfront in Miami Beach, property records show....
View ArticleManhattan’s Office Sector Has Become the Corporate World’s Surest Bet
With every new Manhattan office report of late, the good news flows like lava. Leasing volume was up 2.3 percent in the third quarter from the same time last year. Vacancy was at 12.6 percent — the...
View ArticleLaw Firm Seward & Kissel Signs 171K-SF Renewal at One Battery Park Plaza
Seward & Kissel is staying put in the Financial District. The financial services law firm has renewed its 171,112-square-foot office lease for a term of 11 years with Rudin Management and Allianz...
View ArticleLaw Firm Morgan & Morgan Signs 71K-SF Lease at One Seaport Plaza
Personal injury law firm Morgan & Morgan has signed a 70,602-square-foot lease at 199 Water Street, also known as One Seaport Plaza, according to third-quarter Manhattan office reports from...
View ArticleCity National Bank of Florida Sells Former HQ in Coral Gables After Moving Out
After moving across the street earlier this year, City National Bank of Florida has sold its former headquarters in Coral Gables, Fla., for $39 million, property records show. Nonprofit hospital...
View ArticleWestwood Financial Pays $56M for Huntington Beach, Calif., Shopping Center
Westwood Financial has bagged a grocery-anchored shopping center in Huntington Beach, Calif., for approximately $56.2 million, adding one of Orange County’s tightly held coastal retail properties to...
View ArticlePrivate Equity Firm Brenton Point Inks 9K SF at Marx Realty’s 10 Grand Central
Marx Realty has signed two new office deals at its 10 Grand Central property totaling 14,000 square feet, the company announced Thursday. In the largest deal, private equity firm Brenton Point Capital...
View ArticleGlobal Design Firm Perkins&Will Takes 51K SF at 135 West 18th Street
Global design and architecture firm Perkins&Will has inked a 50,680-square-foot lease at 135 West 18th Street, also known as the Altman Building, in Manhattan’s Chelsea neighborhood, Commercial...
View ArticleJemal-Led JV Plans 323-Unit Office-to-Resi Conversion in D.C.
Jemal Real Estate, DivcoWest and JLS Capital have formed a joint venture to extend the wave of office-to-residential conversions in Washington, D.C. The JV plans to convert a 342,000-square-foot office...
View ArticleAI Financial Platform Brex Inks 94K-SF Lease at GFP’s 200 Varick Street
Brex, an AI-powered financial platform, is moving into a new office in Manhattan’s Hudson Square neighborhood. The San Francisco-based artificial intelligence firm, which provides corporate cards,...
View ArticleClik here to view.
Data Centers: There’s So Much to Talk About
All eyes were on the most controversial asset class in America during Commercial Observer’s Data Centers Development and Infrastructure Forum, held Oct. 6 in Midtown Manhattan at the City University of...
View ArticleTerra-Led JV Lands $507M Construction Loan for South Beach Condo Before...
A Terra-led partnership has scored a $507 million construction loan for a waterfront condo tower in Miami Beach — even before launching sales. The financing from Adi Chugh’s Tyko Capital covers the...
View ArticleTJ Maxx Signs 29K-SF Deal to Replace H&M at 150 East 86th Street
Discount department store T.J. Maxx is replacing H&M in a busy retail spread on Manhattan’s Upper East Side, Commercial Observer has learned. T.J. Maxx has signed a lease for 28,837 square feet at...
View ArticleDwight Capital Refis Pennsylvania Apartments With $34M HUD Loan
Vanguard Development has landed $34 million of U.S. Department of Housing and Urban Development (HUD)-backed debt to refinance a multifamily property in south-central Pennsylvania, Commercial Observer...
View ArticleToll Brothers Buys West Chelsea Development Site for $45M
It looks like there’s more luxury housing coming to Manhattan’s swanky West Chelsea neighborhood. Homebuilder Toll Brothers, through its Toll Brothers City Living condo development division, has...
View Article
